Latest ABS news

  • Solar securitizer Spruce looks to turn corner under new management

    With a new owner, revamped management team and a change of headquarters, solar securitizer Spruce Finance is looking to chart a course forward following a turbulent couple of years in which the solar loan originator's early backers are said to have been "wiped out."

    • 14 Dec 2018
  • EBA guidelines on STS provide 'welcome clarity' for EU ABS

    Guidelines released by the European Banking Authority (EBA) on Wednesday brought the European ABS market much-needed clarity, as issuers grapple with new rules set to apply in the new year.

    • 13 Dec 2018
  • Sunrun prices latest solar securitization

    Residential solar developer Sunrun priced its second ever securitization on Wednesday, Sunrun 2018-1, a $378.5m offering backed by leases and power purchase agreements tied to rooftop solar systems.

    • 12 Dec 2018
  • Amigo reveals new CFO, follows November ABS tap

    FTSE 250 guarantor loans specialist Amigo Holdings, which reported a year-on-year growth of 34% in customer numbers for the six months to September and a 56% increase in profits, has picked Nayan Kisnadwala as the new chief financial officer to replace Simon Dighton.

    • 11 Dec 2018
  • Turkey goes ahead with ‘perplexing’ MBS offering

    Turkey pushed on with plans to raise TL3.15bn ($590m) through a securitization of mortgages, completing the deal but causing on-looking bankers to scratch their heads at the rationale.

    • 11 Dec 2018
  • Tesla charges up auto ABS deal

    Tesla filed paperwork last week signaling its intention to sell its second ever auto ABS deal.

    • 10 Dec 2018
  • Geely’s second ABS prices tighter than bigger names

    After its successful debut in the Chinese ABS market, Genius Auto Finance, the joint venture between Geely Automobile Holdings and BNP Paribas Personal Finance, scored an equally popular follow-up deal at an even tighter price.

    • 06 Dec 2018
  • Cat bond fund calls for greater insurer transparency

    Plenum CAT Bond Fund has received a sustainability certificate for next year, and the assessment process may help guide other investors in insurance linked securities (ILS). But it also raises questions about the transparency of insurers’ liabilities more generally: is the socially responsible finance movement looking at insurance firms in the right way?

    • 06 Dec 2018
  • CBA takes Sonia funding in senior

    Commonwealth Bank of Australia has linked a short-dated unsecured bond to Sonia, the latest use of the alternative risk-free rate as borrowers become more comfortable with the format.

    • 05 Dec 2018
  • SocGen flags issues on construction of Ibor fallbacks

    Strategists at Société Générale have highlighted potential problems with the preferred fallback method for derivatives contracts referencing interbank offered rates.

    • 05 Dec 2018

ABS news archive

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 17.31
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 129,591.43 378 11.13%
2 Bank of America Merrill Lynch 103,866.05 303 8.92%
3 JPMorgan 102,412.09 297 8.79%
4 Wells Fargo Securities 92,651.83 270 7.96%
5 Credit Suisse 76,251.01 205 6.55%